WISE Direct Listing A Test For London As A FinTech Hub
Cross border payments company WISE to be admitted to the LSE on Wednesday 7 July As its a direct listing, there will be a lengthy opening auction period from 7.50am - trading will commence no later than 11:22am. No price guidance has been issued meaning it will be determined during the auction. Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown The WISE listing will be another test for London as a Fintech hub, as the UK grapples with its post-Brexit status in an era when it has struggled to attract fast growing companies looking to launch an IPO. The cross-border payments firm, which began its journey in 2011 as Transfer Wise now boasts 10 million customers worldwide and has been profitable for the last four years. In 2021 alone the company processed £54 billion in payments, with users attracted by the low fee structure compared to other banking transfer services. Its expanded from a personal peer-to-peer service to offer businesses faster payments solutions and that is an attractive feature of its growth prospects.
WISE Direct Listing A Test For London As A FinTech Hub
Cross border payments company WISE to be admitted to the LSE on Wednesday 7 July As its a direct listing, there will be a lengthy opening auction period from 7.50am - trading will commence no later than 11:22am. No price guidance has been issued meaning it will be determined during the auction. Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown The WISE listing will be another test for London as a Fintech hub, as the UK grapples with its post-Brexit status in an era when it has struggled to attract fast growing companies looking to launch an IPO. The cross-border payments firm, which began its journey in 2011 as Transfer Wise now boasts 10 million customers worldwide and has been profitable for the last four years. In 2021 alone the company processed £54 billion in payments, with users attracted by the low fee structure compared to other banking transfer services. Its expanded from a personal peer-to-peer service to offer businesses faster payments solutions and that is an attractive feature of its growth prospects.